1st Stop Group Limited, the specialist consumer lender, is delighted to announce that it is set to partner with the leading data and analytics business, AccountScore Limited. AccountScore provides actionable insights and analytics on bank transaction data for its clients. The partnership will enhance the service 1st Stop offers customers, enabling them to use Open Banking to monitor their financial fitness and identify areas for improvement. The data provided by AccountScore will also enable 1st Stop to make more robust lending decisions, based on real time transactional data via Open Banking.
1st Stop Group, a portfolio company of Pollen Street Capital, the independent alternative asset investment management company, sees this partnership as the first of several strategic initiatives for 2020, designed to provide customers with insightful tools to enhance their experience and to improve 1st Stop Group’s operational capabilities.
Commenting, Richard Sharp, MD of 1st Stop Personal Loans, said: “We are taking a new approach to lending by offering our customers additional services alongside our loan products, and our partnership with AccountScore is central to this. This relationship will enable 1st Stop to further enhance our customer proposition and ensure our customers are receiving the best possible solution and service from us. We are currently working on some exciting projects within the business and we have a number of significant strategic launches due in 2020, this being the first of many.”
Emma Steeley, CEO of AccountScore, added: “We are thrilled that 1st Stop Group has chosen to make the most of the opportunities provided by Open Banking by adopting our revolutionary FHI (Financial Health Index) product alongside our market leading Open Banking solution. We are looking forward to working together to ensure 1st Stop Group continues to innovate and improve its underwriting processes.”